CFTC Sets $13 Million Pact in Crude-Oil Case

U.S. commodity regulators settled an oil-market-manipulation case stemming from the 2008 price run-up against three companies and two traders for $13 million, a fraction of what authorities alleged they made in profits from the strategy.

The Commodity Futures Trading Commission said in an announcement, issued Tuesday night, that Parnon Energy Inc., Arcadia Petroleum Ltd., Arcadia Energy (Suisse) SA, as well as traders James T. Dyer...